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Private 5G promising for enterprises, but growth stymied by pandemic, lack of hardware



June 23, 2022 at 03:30PM

Private 5G networks promise to offer low latency, high reliability, and support for massive numbers of connected devices, but enterpise deployment has been slower than expected, experts say, due to the pandemic and a slow-to-evolve device ecosystem.

IDC reports that the global private LTE and 5G wireless infrastructure market totaled $1.8 billion in revenue in 2021 and will increase to $8.3 billion by 2026, but that spending will grow "slower than expected" in the next couple of years.

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